As a business owner, you may face problems managing your eCommerce business in 2024. I have read countless articles stating that online businesses often face difficulty managing their online presence. This includes several problems in commerce that directly affect the entire payment process.
Well, there is a way to streamline all your commerce problems under one roof! HubSpot Commerce Hub is the key to transforming business growth and boosting overall productivity.
HubSpot Commerce Hub combines your sales, marketing, and customer service. It can help you handle payments, create invoices and quotes, and manage orders. With HubSpot commerce hub, you can ensure you're managing your eCommerce business properly.
In this article, I will share the types of challenges faced in commerce and the power of HubSpot commerce hub. I will also share its different features and how you can effectively set up your Stripe account with HubSpot.
Why does a good eCommerce experience matter?
A good business must have a good customer base. While it is not easy to gather loyal customers, it's definitely not an impossible task. The most foolproof plan is to create experiences, the one that keeps your customers at the core of the business.
This plan provides a great customer experience. Structuring your payment processes makes managing orders and personalizing customers' experiences easy.
A good purchase experience can also improve how people see your business, and it can increase your business revenue. When customers have a nice time especially during purchase on a website. They are more likely to think highly of your business and tell others about it.
However, if the experience is frustrating or confusing, it can harm your business’s reputation and result in negative reviews. This is why providing an excellent e-commerce experience to your customers aids in the growth of your business.
Challenges faced in eCommerce
Businesses face several obstacles across various departments. Thus, sustaining in this competitive world becomes too difficult. Many E-Commerce businesses fail due to poor customer handling and satisfaction.
I have listed some challenges businesses might face while managing their eCommerce business and how they can overcome them effectively.
1. Difficulty in streamlining payment processes
Dealing with payment methods, subscriptions, and billing can be complicated. Most businesses find it difficult to manage multiple payments and customers. This affects a seamless flow in business.
Therefore, companies are searching for ways to ensure a smooth and user-friendly experience. This improves the entire commerce process and ensures that every payment is processed effectively.
2. Trouble handling customer payments
One of the biggest obstacles in e-commerce is managing payments. Businesses sometimes find it hard to keep track of their payments. Moreover, without a centralized hub, handling the overall payment processes also becomes difficult.
That's why businesses are always looking for methods to collect payments and address past-due invoices. Using Commerce Hub effectively, you can easily handle all customer payments.
3. Low revenue generation
Do you know that 45% of new businesses fail within the first five years? As a business owner, you must look for ways to increase your income. You need to attract customers and boost overall sales for your business.
Companies can use Commerce Hub to streamline their entire payment process. This allows them to combine the selling process with easy payment collection. Ultimately, this boosts income and enables your team to create smooth checkout experiences quickly.
Overview of HubSpot commerce hub and its significance in e-commerce.
HubSpot Commerce Hub is a platform that simplifies all your commerce processes at once. It uses HubSpot CRM and marketing automation tools to improve your online store's performance.
It works perfectly with HubSpot's customer platform. It also helps with the sales process, speeding up payments and boosting revenue.
HubSpot Commerce Hub is perfect for both beginners and established business owners. It offers features like an easy payment process, subscription services, managing quotes, and more.
But why do we recommend HubSpot commerce hub? What's so eye-catching with its feature? Let's see how HubSpot commerce hub can cater to your financial needs.
HubSpot commerce hub features
HubSpot Commerce Hub has several features to simplify the eCommerce journey for businesses of all sizes. It provides various features that cater to the success of any business.
Commerce Hub
Features like payments, invoices, payment links, quotes, products, and subscriptions will help you streamline your e-commerce process. All of these features are available at a minimal cost, which is a game changer for any business.
And yes! All of this is on one single platform. You can manage everything without the hassles of switching between multiple platforms.
1. Streamlining payment processes
In HubSpot, you can use your preferred payment gateways to manage payments. Whether your customers use a credit card, PayPal, or another option, HubSpot ensures that payment processing is simple.
HubSpot's Commerce Hub offers a range of payment tools to get paid faster and easier. You can use your HubSpot payments or existing Stripe Account to accept payments from anywhere.
When you have your Stripe Account linked to HubSpot, you can easily collect all one-time payments or even recurring payments through Hubspot.
Now, if you do not have a Stripe Account, no worries! You can follow the steps mentioned below and easily enable Stripe for payment.
How do you set up a Stripe account?
Stripe accepts payments through credit cards, debit cards, or other payment methods. This is ideal for businesses that primarily make their sales online. Here are the steps to link your Stripe account to HubSpot:
See? It was this simple to set up your Stripe account with HubSpot. Now, you get to receive payments without any hassle.
If you're still having trouble connecting your Stripe account with HubSpot, don't worry! Here's a tutorial video for you to watch.
See? How easy is it to connect your Stripe account with HubSpot? It has a step-by-step tutorial for connecting your Stripe account with HubSpot very easily.
2. Generating invoices and payment links
Generating invoices and payment links with HubSpot is also super easy with the HubSpot Commerce hub. You don’t have to worry about making invoices manually, now you can use these tools to create them.
In just a few simple clicks, you can personalize your invoices with your company logo, branding, and all the necessary details.
HubSpot also lets you generate payment links directly within your invoices with very few steps. You can choose a credit card, Apple Pay, Google Pay, or another method to create a simple payment process for your customers.
Step-by-step guide to generate invoices
Generating invoices for multiple customers can be challenging. However, with the HubSpot Commerce hub, you can now create invoices in seconds. Here's a step-by-step guide on how you can generate invoices easily:
As you can see, the steps are pretty simple and easy to understand. Make sure you follow them in order to generate invoices. Even if you do face any roadblocks, the online tutorials will help you out.
3. Managing quotes and products
HubSpot has a set of tools that does a lot of job, from creating quotes to managing your product catalogue. You can easily create, customize, and track quotes for your clients. This makes it easy for you to streamline work.
With HubSpot's quote management features, you can easily do sales processes and drive business growth. HubSpot also offers powerful product management features that allow you to organize your products and services.
With the help of the HubSpot Commerce hub, you can create and categorize products, set pricing, manage inventory levels, and even track sales performance. This not only boosts productivity but also generates revenue.
Create quotes and add products
Creating multiple quotes and adding new products to the library is rather difficult for any business. This process can be very long if you're starting. However, Commerce Hub can help you save time and effort in this specific aspect.
With the following steps, you can create quotes with ease.
Once the quote is ready, you can send it directly to the customer via email from within HubSpot. You can keep track of the status of your quotes within HubSpot.
Adding a product
Now, let's see how you can add a product.
Following these instructions will help you effectively organize your product catalog, generate quotes, and simplify your sales process with HubSpot Commerce Hub.
4. Showcasing products effectively
Commerce Hub gives you the tools to create stunning product pages that you can customize to match your brand perfectly. Customers are often attracted to more professional and organized businesses in their product catalogs.
Another feature is customizable options for product details. Now, you can add SKU, Product Type, Image URL, Multi-Currency Prices, etc. You can also create and manage everything with the HubSpot commerce hub. Furthermore, you can also create products from scratch.
With its analytics features, you can also see what your customers like and how they shop. So, you can create according to them. It also provides flexibility in presenting products through different formats. Images and videos are some formats in it.
And the best part? It connects with HubSpot's other tools, which lets you create custom experiences for your customers.
5. Setting up subscription services
With Commerce Hub, you can effortlessly create subscription plans that suit your business. This will prevent the headache of processing recurring payments. It also creates a seamless way for your customers to pay automatically.
This feature lets you manage all the details, like billing cycles and pricing options. You can even allow customers to make changes or cancel anytime hassle-free.
HubSpot’s subscription services work seamlessly with their CRM, letting you easily track customer interactions and payment histories. This will also help you understand customer behavior so you can make smart decisions in the future.
And get this – Commerce Hub is all about making it super easy for your customers, with features like recurring payment and seamless order modifications.
It takes care of all your subscription needs! Definitely, a cherry on top!
HubSpot commerce hub pricing
The best part about Commerce Hub is that you can access features at no cost. You'll only be charged a fee for transactions you complete through Commerce Hub features.
HubSpot Commerce Pricing Plans
1. Free: $0
Below is an overview of the transaction fees for HubSpot and Stripe payments:
HubSpot payments (per transaction):
Stripe payment processing (per transaction):
Remember that You will need to pay the processing fee you have agreed to directly with Stripe. So, keep that in mind when you integrate the Stripe payment gateway.
Pros and cons of HubSpot commerce hub
Understanding the advantages and disadvantages of HubSpot commerce hub is equally important in order to make better decisions. This way, you can determine its effectiveness and know where it cannot fulfill your expectations.
Pros
Cons
While HubSpot commerce hub provides numerous features and benefits, don't overlook its drawbacks. For example, the customization is limited, which may pose a problem for large enterprises. Consider your needs and choose accordingly.
Ready to use HubSpot payment for your business?
Now, don’t you think you need to use the commerce hub to manage all your tasks and help you grow your business further? This includes streamlining payment processes and showcasing products effectively.
HubSpot Commerce Hub lets you create great shopping experiences for your customers. Well, now you know that HubSpot Commerce Hub isn't just a platform, it’s an all in one platform for all your e-commerce needs.
Additionally, it provides a benefit that helps retain customers even more. So, what are you waiting for? Make the most out of HubSpot Commerce Hub and scale your business.
